The new smart financial move is walking away

[SD Realtor]

No people are all different. You are trying to project your outlook on life on everyone. If people were all the same then we would not have winners and losers, we wouldn’t have leaders, followers, pawns, kings, queens etc… Your reality is what you make it. How you respond to external stimulus is within yourself, how you were raised and how you were shaped. The only thing that tilts the scale is that alot of people are born into wealth or luck or whatever you want to call it and most are not. However you will never convince me that we are all slaves to this all encompassing external stimulus or pressures that we are all aware of or not aware of and that these drive our every move and we can say we did this or that because of those things. I am sure driven people who are successful in life succumb to that mentality.

I guess I am like your wife. To me it is a pile of bullshit.

[scaredyclassic]

do you really think the winners and losers are all that different/

One guy bets red, one guy bets black at the roulette table.

red wins.

the guy who bet red is the same as the guy who bet black.

so it is at the roulette tables of finance… of many things.

we like to ascribe our luck to skill or good character.

i don’t believe it.

[scaredyclassic]

do you really think the winners and losers are all that different/

One guy bets red, one guy bets black at the roulette table.

red wins.

the guy who bet red is the same as the guy who bet black.

so it is at the roulette tables of finance… of many things.

we like to ascribe our luck to skill or good character.

i don’t believe it.

[scaredyclassic]

do you really think the winners and losers are all that different/

One guy bets red, one guy bets black at the roulette table.

red wins.

the guy who bet red is the same as the guy who bet black.

so it is at the roulette tables of finance… of many things.

we like to ascribe our luck to skill or good character.

i don’t believe it.

[scaredyclassic]

do you really think the winners and losers are all that different/

One guy bets red, one guy bets black at the roulette table.

red wins.

the guy who bet red is the same as the guy who bet black.

so it is at the roulette tables of finance… of many things.

we like to ascribe our luck to skill or good character.

i don’t believe it.

[scaredyclassic]

do you really think the winners and losers are all that different/

One guy bets red, one guy bets black at the roulette table.

red wins.

the guy who bet red is the same as the guy who bet black.

so it is at the roulette tables of finance… of many things.

we like to ascribe our luck to skill or good character.

i don’t believe it.

[dbapig]

[quote=edna_mode]Another interesting twist is the mention that the profiled person has been “socking away money for retirement”. If she was doing it in an ERISA-qualified plan (most pensions and 401(k) are), then that money is largely JUDGEMENT-PROOF. A quick google suggests the only way for another party to take away retirement accounts is for family support (http://www.dol.gov/ebsa/faqs/faq_compliance_pension.html). The Supreme Court upheld that IRAs are similarly shielded in 2005.(http://www.washingtonpost.com/wp-dyn/articles/A24753-2005Apr4.html)

So another reason to top up those retirement accounts every year — not only do you diversify your taxation liability, you protect some of your assets against bankruptcy, lawsuits, etc.[/quote]

Good to know!

[dbapig]

[quote=edna_mode]Another interesting twist is the mention that the profiled person has been “socking away money for retirement”. If she was doing it in an ERISA-qualified plan (most pensions and 401(k) are), then that money is largely JUDGEMENT-PROOF. A quick google suggests the only way for another party to take away retirement accounts is for family support (http://www.dol.gov/ebsa/faqs/faq_compliance_pension.html). The Supreme Court upheld that IRAs are similarly shielded in 2005.(http://www.washingtonpost.com/wp-dyn/articles/A24753-2005Apr4.html)

So another reason to top up those retirement accounts every year — not only do you diversify your taxation liability, you protect some of your assets against bankruptcy, lawsuits, etc.[/quote]

Good to know!

[dbapig]

[quote=edna_mode]Another interesting twist is the mention that the profiled person has been “socking away money for retirement”. If she was doing it in an ERISA-qualified plan (most pensions and 401(k) are), then that money is largely JUDGEMENT-PROOF. A quick google suggests the only way for another party to take away retirement accounts is for family support (http://www.dol.gov/ebsa/faqs/faq_compliance_pension.html). The Supreme Court upheld that IRAs are similarly shielded in 2005.(http://www.washingtonpost.com/wp-dyn/articles/A24753-2005Apr4.html)

So another reason to top up those retirement accounts every year — not only do you diversify your taxation liability, you protect some of your assets against bankruptcy, lawsuits, etc.[/quote]

Good to know!

[dbapig]

[quote=edna_mode]Another interesting twist is the mention that the profiled person has been “socking away money for retirement”. If she was doing it in an ERISA-qualified plan (most pensions and 401(k) are), then that money is largely JUDGEMENT-PROOF. A quick google suggests the only way for another party to take away retirement accounts is for family support (http://www.dol.gov/ebsa/faqs/faq_compliance_pension.html). The Supreme Court upheld that IRAs are similarly shielded in 2005.(http://www.washingtonpost.com/wp-dyn/articles/A24753-2005Apr4.html)

So another reason to top up those retirement accounts every year — not only do you diversify your taxation liability, you protect some of your assets against bankruptcy, lawsuits, etc.[/quote]

Good to know!

[dbapig]

[quote=edna_mode]Another interesting twist is the mention that the profiled person has been “socking away money for retirement”. If she was doing it in an ERISA-qualified plan (most pensions and 401(k) are), then that money is largely JUDGEMENT-PROOF. A quick google suggests the only way for another party to take away retirement accounts is for family support (http://www.dol.gov/ebsa/faqs/faq_compliance_pension.html). The Supreme Court upheld that IRAs are similarly shielded in 2005.(http://www.washingtonpost.com/wp-dyn/articles/A24753-2005Apr4.html)

So another reason to top up those retirement accounts every year — not only do you diversify your taxation liability, you protect some of your assets against bankruptcy, lawsuits, etc.[/quote]

Good to know!

[dbapig]

[quote=edna_mode]Another interesting twist is the mention that the profiled person has been “socking away money for retirement”. If she was doing it in an ERISA-qualified plan (most pensions and 401(k) are), then that money is largely JUDGEMENT-PROOF. A quick google suggests the only way for another party to take away retirement accounts is for family support (http://www.dol.gov/ebsa/faqs/faq_compliance_pension.html). The Supreme Court upheld that IRAs are similarly shielded in 2005.(http://www.washingtonpost.com/wp-dyn/articles/A24753-2005Apr4.html)

So another reason to top up those retirement accounts every year — not only do you diversify your taxation liability, you protect some of your assets against bankruptcy, lawsuits, etc.[/quote]

Good to know!

[dbapig]

[quote=edna_mode]Another interesting twist is the mention that the profiled person has been “socking away money for retirement”. If she was doing it in an ERISA-qualified plan (most pensions and 401(k) are), then that money is largely JUDGEMENT-PROOF. A quick google suggests the only way for another party to take away retirement accounts is for family support (http://www.dol.gov/ebsa/faqs/faq_compliance_pension.html). The Supreme Court upheld that IRAs are similarly shielded in 2005.(http://www.washingtonpost.com/wp-dyn/articles/A24753-2005Apr4.html)

So another reason to top up those retirement accounts every year — not only do you diversify your taxation liability, you protect some of your assets against bankruptcy, lawsuits, etc.[/quote]

Good to know!

[dbapig]

[quote=edna_mode]Another interesting twist is the mention that the profiled person has been “socking away money for retirement”. If she was doing it in an ERISA-qualified plan (most pensions and 401(k) are), then that money is largely JUDGEMENT-PROOF. A quick google suggests the only way for another party to take away retirement accounts is for family support (http://www.dol.gov/ebsa/faqs/faq_compliance_pension.html). The Supreme Court upheld that IRAs are similarly shielded in 2005.(http://www.washingtonpost.com/wp-dyn/articles/A24753-2005Apr4.html)

So another reason to top up those retirement accounts every year — not only do you diversify your taxation liability, you protect some of your assets against bankruptcy, lawsuits, etc.[/quote]

Good to know!

[dbapig]

[quote=edna_mode]Another interesting twist is the mention that the profiled person has been “socking away money for retirement”. If she was doing it in an ERISA-qualified plan (most pensions and 401(k) are), then that money is largely JUDGEMENT-PROOF. A quick google suggests the only way for another party to take away retirement accounts is for family support (http://www.dol.gov/ebsa/faqs/faq_compliance_pension.html). The Supreme Court upheld that IRAs are similarly shielded in 2005.(http://www.washingtonpost.com/wp-dyn/articles/A24753-2005Apr4.html)

So another reason to top up those retirement accounts every year — not only do you diversify your taxation liability, you protect some of your assets against bankruptcy, lawsuits, etc.[/quote]

Good to know!

[Author]

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